AAA-CPA
Join AAA-CPA member and Southern California Chapter Vice-President Theodore M. Hankin present “Trustee Fees in Court Accountings” Oct. 19 at the Fowler School of Law Chapman University. This program will focus on case law and California Rules of Court Rule 7.776 concerning the award of trustee fees requested in a court accounting. Burden of proof and necessary information to include in the accounting will be discussed by Hankin. This program is being sponsored by AAA-CPA member professor Frank J. Doti at the Fowler School of Law Chapman University. Click here for more information and to register for this educational program and networking opportunity.

Accounting TodayThe IRS spent the extra $290 million appropriated by Congress last year to improve taxpayer service and cybersecurity and safeguard against identity theft, according to a new report.
The report, from the Treasury Inspector General for Tax Administration, analyzed how the IRS used $106.4 million of the extra funding for cybersecurity and identity theft prevention. TIGTA found the IRS adequately tracked and monitored and appropriately spent the additional funding. READ MORE

Bloomberg BNADeath and taxes. Tax planning can help reduce state inheritance and estate taxes, but can be complicated and time consuming. In this article, the Tax Foundation's Jared Waczak discusses the economic effects these taxes have, and how they reduce investment and business expansion and encourage wealthy individuals to go elsewhere.READ MORE

ReutersWith U.S. Congress members focused during their August recess on finding ways to lower the corporate tax rate, industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax.
While tax cuts for business have garnered the most headlines, lobbyists and lawmakers have conceded that rewriting the corporate tax code will be a long slog.READ MORE

AccountingWEB Clients who are casual gamblers can deduct losses from gambling on their personal tax return, up to the amount of gambling winnings.
However, as shown in a case, Bon Viso, TC Memo 2017-154, you can’t deduct any losses if you don’t itemize deductions and keep the records required to back up your claims.READ MORE

USA TodayMore Americans who pay their income taxes each quarter are being penalized by the IRS for making mistakes or missing payments.
There's been a nearly 33 percent jump — from almost 7.5 million to nearly 10 million — in the number of penalties levied between fiscal years 2007 and 2016, IRS data show.READ MORE

Washington ExaminerWhile an overhaul of the tax code would increase long-term economic growth, short-term tax cuts would not, a Federal Reserve official said.
"I would hope that as a country, we're pursuing tax reform rather than a deficit-financed tax cut," Federal Reserve Bank of Minneapolis President Neel Kashkari said at a Rotary event in Minnesota.READ MORE